or maybe the packages get smaller. why is toothpaste? even some of these things that go into beauty products, those have been going up. apparel, cotton prices are at record highs, they have more than doubled. this is a great cnn money story, you re going to see chintzy t-shirts and jeans that have fake pockets. i don t eat meat, i don t eat breakfast, i use baking soda and i don t have a refrigerator. what s the top ingredient in corn flakes? corn, right? or is it actually labor? that s a very good point. you look at refrigerators, whirlpool, lg, are going to be raising prices. one of the reasons is they have moved overseas, guess what prices are rising, it s also costing more to ship stuff halfway around the world. labor prices are going up from the quote, unquote cheap labor market. good to see both of you. as always, a very animated discussion. it s the first time i have ever seen pete dominic play
have-nots a lot harder to climb. here s another thing i want to talk to you about, as if the middle class hasn t been battered enough. food and clothing prices, they re going up as a result of rising global commodity prices. you re talking about companies that are starting to say we can start passing along these higher raw materials prices, that s going to be everything from meat to poultry to eggs. you re already seeing that. you ve got grain prices that are historic. then you take a look at cereal. or maybe the packages get smaller. even some of these things that go into beauty products, apparel. cotton prices are at record highs, they have more than doubled. this is a great cnn money story, you re going to see chintzy t-shirts and jeans that have fake pockets. here s one thing, what s the